ETH active addresses surge 121% as network activity recovers

The number of active Ethereum (ETH) network addresses has surged by 121% in recent days, signaling a rapid recovery in on-chain activity, U.Today reported. Citing data from Santiment, analyst Ali Martinez noted that active addresses increased from 380,000 to over 840,000. The surge, which occurred over approximately four days, is attributed to broader on-chain participation in sectors such as DeFi and NFTs. The market is interpreting the rise in active addresses as a sign of renewed investor interest and strengthening momentum.